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This is attributable to Nakumatt.For uchumi the issue started in 2015 so they could have made provisions in FY2015.
Soon you will see even financial institutions which have availed credit to nakumatt start putting provisions.
The situation at Nakumatt ni kubaya sanaaa

Retailers like Uchumi and Nakumatt failing to pay suppliers is just robbery in broad daylight. Nobody buys anything in a supermarket on credit, it is all cash at the till. The only reason they would fail to pay is only blatant theft. I believe with the current technologies it should be possible for all suppliers to be paid as soon as their item is paid for at the cashier. All FMCG suppliers should form a lobby group to make this possible. You should not be chasing your money for products that have been bought and paid for in cash.

One of the most frustrating things ever in business is chasing your own money from debtors. It is in my opinion the greatest breeding ground for major corruption.

The Annual General Meeting of the Shareholders of FTG Holdings Ltd will be held on Thursday, 29th June 2017 at 10.00 a.m. at the National Museums of Kenya, Louis Leakey Auditorium, Nairobi,

Is there any wazuan attending this agm